Published: 2025-09-02T02:04:05.000Z
Chart USD/SGD Update: Range-bound above 1.2815
Technical Analyst
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Little change, as prices extend consolidation above the 1.2815, July trendline support
| Level | Comment | Level | Comment | ||||
|---|---|---|---|---|---|---|---|
| R4 | 1.3025 | * | 38.2% Apr/Jul fall | S1 | 1.2815 | * | 28 Aug low, trendline |
| R3 | 1.3000/10 | ** | congestion, Apr low | S2 | 1.2800/90 | * | May, 2024 year lows |
| R2 | 1.2940 | * | Jun high | S3 | 1.2745 | ** | 24 Jul low |
| R1 | 1.2900 | * | congestion | S4 | 1.2700 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
02:00 GMT - Little change, as prices extend consolidation above the 1.2815, July trendline support. Daily studies have turned mixed and suggest extension of ranging action within the 1.2900/1.2800 area. However, consolidation expected to give way to eventual break of support at 1.2815 and the 1.2800/1.2790 area to extend the broader losses from the 1.3000, August swing high. Break will return focus to the 1.2745 support and the 1.2700, July current year low. Meanwhile, resistance at the 1.2900 congestion is expected to cap and limit corrective bounce.